champions school of real estate principles 2 quizletwhat causes chills after knee replacement surgery

Battery life between charges for the Motorola Droid Razr Maxx is 20 hours and the primary use is talk time. If the property cannot be transferred, it is of little value. person designated to execute the terms of a will. Profitabilityinformationfortheinternaluseofa3. foreclosure, bankruptcy, condemnation proceedings, adverse possession, intestate succession and escheat, process by which the government exercises its right of eminent domain, deathbed or oral will. The loss in value of a property caused by factors outside of the property itself. interest rate a reserve bank charges eligible financial institutions to borrow money short term. 6. 5. standard financial index used in U.S. capital markets, and can be found in the Wall Street Journal. covering more than one parcel of real estate, Texas Promulgated Contracts-CHAMPIONS STUDY, Principles Real Estate II- Practice Exam 2, Champions School of Real Estate-Principles of, Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman. &\textbf{Per Month}&\textbf{Per Customer Served}&\textbf{for May}\\ (3) The Income Approach. ie. lender acquires property under foreclosure. * whole # by denominator 2. cannot exceed 28% of the borrower's gross income, ratio of the borrower's total recurring monthly debts, including such obligations as house payment, payments on all installment debts, monthly payments. & \text{$\quad$makers outside the organization}\\ Demand falls by more than supply rises. The money that mortgage companies use to make loans comes from the sale of __________. equalize air pressure between rooms in a house by adjusting air flow in supply and return ducts. the market in which borrowers and mortgage lenders come together to create and negotiate terms of a mortgage transaction. Exam-Federal 1-A2. the only limitations to title are those listed in the deed. At Champions School of Real Estate, our number one focus is your successful career in the Real Estate industry. \text{1. Profitability3. sets monetary policy. prohibits redlining. He is really good. ( Champions School Of. Quick and easy check-out You can quickly pay through credit card or Stuvia-credit for the summaries. Sketch of floor plan the value if the property is equal to the sum if the contributory value of each of its component parts. Theprocessofgeneratingandcommunicating10. Sales Price monthly rent, the process of estimating the value of an income-producing property by capitalization of the annual net income expected to be produced by the property during its remaining useful life, an estimate of value based on current construction costs, less depreciation, plus land value, estimate of value by examining and comparing actual sales of comparable properties, part of income capitalization. It also offers continuing education courses for. Accounting} & \text{a. Legal purpose borrowers provide basic information like income, debt, and credit history. designed to clean up sites contaminated with hazardous substance. The percentage of value or sales price that a lender is willing to finance. secure and fair enforcement for mortgage licensing-enhance consumer protection- and reduce fraud. \text{7. ", "Amazing staff and instructors that can help streamline the process of licensing or your continuing education. However, as per the new report from the Gewos Institute for Urban, Regional and Housing Research, the sales boom may be coming to an end in the observable future. He has been offered three possible 4-year contracts. history or list of all owners back to the sovereignty of the soil. the grantor owns the property, has right to convey it to grantee, has not previously conveyed it to another. Adequate consideration transfer of title that is a free act of the grantor. The reduction in value of property from causes such as deterioration or obsolescence. TMARR Texas mold assessment and remediation rules, promotes sustainability in how buildings were designed, built and opperated, LEED Leadership in energy and environmental design, 3rd party certification program for high performance buildings. most important aspect is that cost does not equal value, most important aspect of principle of contribution, cost does not equal value (for exampleswimming pool), forces acting on a parcel of land are always affecting the value of the land, the purchase price is affected by the expectation of future appeal and benefits. Investment instruments that are secured by pool of mortgages and are used to channel funds from securities markets to housing markets, Market in which borrowers and mortgage lenders come together to create and negotiate terms of a mortgage transaction. homeowners who are at least 62 years of age can borrow against the equity in their property. Ethics10. Mr. Manning, a former neighbor of Margaret's, claims that he and Margaret were "common law" married, and that it had been Margaret's dying wish to leave the house and all of its contents to him. Wrongful or criminal deception intended to result in financial or personal gain is called: fraud 3. borrowers rated a-f. monthly payment includes an amount that is applied first to interest that is due with the remainder being applied to principle, asset based financing where a borrower receives funds secured by he value of a parcel of real estate, unscrupulous lender takes advantage of a consumers lack of knowledge. The U.S. Under what conditions would the traditional yield spread be close to the static spread? Achieve success through Business Etiquette. the value of a commodity if influenced by the cost of acquiring a substitute or comparable item. + result to numerator qualifies borrower based on proposed home payment and gross monthly income. Value, Income, Return. a. grantee gives to the grantor, most common, best type of deed to have. no guarantee for approval, property must fit criteria . The lender transfers title back to the borrower when the loan is repaid. TMARR requires that all persons who conduct assessment and remediation of mold be properly trained and licensed by the state. transferring funds to a title co for disbursement when loan is approved. Payments are guaranteed, and they would be made at the end of each year. The relationship between the amount of rent a specific property can command, and the value of the property to the owner. tenancy of sufferance 1. certified commercial investment member (part of NAR). Sending monthly payment statements and collecting monthly payments, maintaining records of payments and balances, collecting and paying taxes and insurance (and managing escrow and impound funds), remitting funds to the note holder, and following up on delinquencies. \text{Employee Salaries and Wages}&\$50,000&\$1,100&\$88,000\\ & \text{$\quad$form of financial statements to decision}\\ improve but don't over improve; improve property when the value added by the improvement exceeds the cost of the improvement. The absence of competition will cause prices to increase in the marketplace. 4. amount of any finance charge. 10. the most probable price a property should bring in a competitive and open market under fair conditions requisit to a fair sale. decreases over time, norm paid by buyer. Postal Service (USPS) has a government monopoly on home mail delivery, but several private companies, such as FedEx, UPS, and DHL, compete with the USPS for other types of delivery service. CERCLA was designed to clean up sites contaminated with hazardous sub- stances, pollutants or contaminants. Theprocessofproducingaccountinginformationfortheinternaluseofacompanysmanagementb. 7. \end{array} 16 pages. Identify what will happen to the equilibrium price and equilibrium quantity in each of the following: a. this is the best indicator. examining of the public records and constructed a chain of title and an abstract of title. \end{array} Managerialaccountingandcontinuingtooperateabusiness9. supply is short, prices go up. periodic tenancy, you've done nothing and the appreciation of the land value assists in the increase, 2 Types of REITS (real estate investment trust), Equity and Mortgage. Theabilitytoearnenoughincometoattractandholdinvestmentcapitalg. buying the market pools. Married limit is 500k. Change is constant; therefore, the forces acting on a parcel of land are always affecting the value of the land. Regulation Z Federal Law to protect consumers by disclosing terms and cost of credit, the purchase and sale of existing mortgages to investors to provide liquidity and additional funds for lending, balances mortgage credit to include capital-deficient areas, More realistic price, agent has better understanding of ability to pay, avoid showings buyer cannot afford, Seller knows buyer can afford the home, The lesser of the appraised value or sales price (in %), will be found on almost any high LTV loan, a mortgage insurance program (not a lender), Right of the government to regulate and control the way land is used (zoning), Interstate Land Sales Full Disclosure Act, Gives authority to Federal and State natural resource agencies, and Native American Tribes, services buyers and seller moving from corporate transfer, Certified Commercial Investment Member (CCIM), "gold standard" for commercial designations, must register with Texas Dept of Savings and Mortgage Lending, Sponsoring broker must maintain these to assure a sales agent is competent, a hedge against inflation, a higher rate of return, ability to leverage (borrow $ to make $), Tax-sheltered income, capital gains tax, deferred taxation on exchanges, $250,000 single, $500,000 couple, lived in 2 of last 5 years, organized as limited or general partnership or a corp, Created by congress in 1960 minimum 100 investors, lease in which all or part of the rent amount is based on the receipts of the tenant's business (typical shopping center lease), An attorney is needed if clients want this, Competent parties &\textbf{Fixed Element}&\textbf{Variable Element}&\textbf{Actual Total }\\ Acodeofconductthataddresseswhetheractionsarerightorwrong\begin{array}{ll} Operating activities} & \text{c. Activities of management engaged to}\\ Demand is great and supply is short, prices increase; supply is high demand is low prices decrease, lower priced properties in the area will cause a decline in the value of the subject property, Absence of competition will cause prices to increase in the marketplace; increased competition tend to bring prices down, must be sufficient demand for the property for it to have value, If a type of property is to abundant it has reduced value. ___________ 4. loans including refinance transactions secured by a first or subordinate lien on residential real property that is improved with a new home, payment applied to interest not principal, scheduled variations in regular periodic payment amounts not caused by charges to the interest rate, payment 2x of that of regular periodic payment, interest rate increases after consummation but the rates that will apply or periods,are not known at consummation, interest rate changes after consummation but the rates that will apply or periods,are known at consummation. housing assistance program; Texas Veterans Land Board, the right of a government to regulate and control the way that an individual uses his or her land, the government's right to tax real estate, the right of a government to take an individual's land if he or she dies without a will or heirs, the action of government seizure of land for the good of the public, the right of the government to take private land for public use, the sum of energy used during the life cycle of a product. Flood maps What does r2r^2r2 determine about the statistical significance of a relationship between a dependent and an independent variable? Calculate the new balance. The loan becomes due upon the sale of the property or the death of the owner. Activitiesofmanagementengagedtooperatethebusinessj. The loss in desirability of the style, layout, or function of an element of a property over time. The material (soil) that is deposited through the process of accretion that is the result of avulsion, erosion and reliction. sending monthly payment statements, and collecting monthly payments, maintaining records and balances. Profitability} & \text{$\quad$information for the internal use of a}\\ a type of seller financing where in the owner retains title to the property while the purchaser takes possession of the premises and pays the principal. \text{10. RESPA real estate settlement procedure act, regulation x. requires residential mortgage loan originators to provide borrowers with timely disclosures of of nature and costs of real estate, final respa-tila integrated disclosure rule, 3 pg loan estimate Purchases "pools" of mortgages. Also known as a real estate lien notes the borrower's unconditional promise to repay, and includes the amount borrowed, payment amount, due date and rate of interest. reviews cover a checklist of items as they analyze the appraisal report. There is no membership needed. The amount of money available for the purchase of goods and services. Anything that is widely accepted in exchange for goods and services. never a reliable estimate of market value, standards that have been established by the Appraisal Standards Board of the Appraisal Founation, Universal Residential Appraisal Report; Fannie Mae 1004, sales comparison approach, cost approach, income approach, estimate of age based on the condition of the property. part of income approach, used if there are a lot of rental properties in the area. 4. a limit on the amount the interest rate can increase or decrease at each adjustment date. The role money serves when it is used as a form of payment. value of a property maybe affected by social, economic, govt and environmental influences. \text{ } & \text{Previous} & \text{Payments} & \text{ } & \text{Late} & \text{Finance} & \text{New} & \text{Minimum}\\ some lenders accept this drive-by type of review for low LTV or low risk loans. Taxation & \text{i. We make it easy and convenient! most conveyances are voluntary. These are the 4 rights of land. and no unpaid claims against the property. For more than a decade, the German real estate market was in a dramatic growth phase. Texas Principles 2 Q & A - Champions School of Real Estate 1. Determined by the taxing authority and appraised value, AKA Market Data Approach, focuses on recent sales in the determining value, Comparison of properties to determine value, Market value of property consider how much a new structure of the size and type would currently cost to build, Reduction in value of property from causes such as deterioration or obsolescence.

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